Saga is a Layer 1 blockchain protocol that allows developers to design their own dedicated chains for running applications. Learn more in this article.

 universe right now is the lack of accessible tools for developers. Many people interested in designing new 

 projects struggle to find the right software developer kits (SDKs) for their projects. The Saga ecosystem aims to fix this issue by providing unparalleled support to app and game developers. 

Can the Saga ecosystem really become the premier chain for web3 development? Keep reading to learn how it works and see whether it's likely to attract new developers.

 blockchain protocol. It allows developers to design their own dedicated chains for running applications. People who work on Saga all share the same security, scaling solutions and SDKs, but they each get their own unique chain that they can customize to suit their needs.

 of technology, crypto and finance enthusiasts. CEO Rebecca Liao is a co-founder of the Skuchain project, the designer of the 

 and a former international corporate attorney. Other members of the founding team include former Tendermint executive Jin Kwon, Blocktech Ventures founder Bogdan Alexandrescu and 

. They realized that there was a major need for a development-focused blockchain specifically designed for game project development. Saga's mission has attracted many major investors, 

Saga aims to create a new system for web3 project developers. Currently, most developers have to choose between the ease of working on an established chain like 

 versus the convenience and customization of designing their own chain. The Saga team realized that the most effective option for game developers would actually be a combination of the two types of development environments.

Saga wants to let developers set up their own sovereign blockchain so they can decide how things like 

 and transaction fees work. However, Saga also aims to provide extensive support for developers in its ecosystem. Its underlying framework ensures that people still have excellent security and a reliable validator set, no matter what their gaming project is.

 ecosystem, whose interchain web development standard is a set of protocols that allows a broad variety of blockchains to communicate with each other. The Saga network uses the 

 and the shared security system of the Cosmos ecosystem to manage the network, and has created its own Layer 1 chain that runs the entire Saga ecosystem and can do things like automatically launching 

The Saga Mainnet handles each developer's compiled smart contract binary. However, it also runs parallel dedicated chains that function as virtual machine (VM) modules capable of handling a specific set of smart contracts. End users for blockchain games and other apps interact only with the dedicated blockchain, while the developer's system manages the fees and individual transactions on the Saga Mainnet.

All of the chains on Saga are validated through optimistic coordination, which requires every Saga validator to validate each chain in the Saga ecosystem via 

 validation, verifying transactions by temporarily locking Saga tokens.

The Saga network contains a lot more than just the basic features offered through the Cosmos SDK and ecosystem. In addition to the software development tools and helpful interface for Saga's validators and developers, the ecosystem also contains the following features.

The overall layout of the Saga ecosystem starts with the Saga Mainnet. Built on the Cosmos hub, this framework includes a full validator set and a dedicated blockchain for handling all smart contracts. The basic protocols are passed on to each child chain in the system, and information is relayed back and forth between the main chain and all of the secondary chains. Saga's validators stake tokens, and then check to make sure every element of the topology follows Saga’s regulations.

 are a method for creating a dedicated blockspace that a developer can manage. These chainlets function as virtual machines that can handle smart contracts and automatically launch Celestia rollups. Each chainlet is its own blockchain that handles nothing but a specific gaming project. Developers decide on the gas fees they'll charge users, and can add chainlets as their projects expand and require more throughput from the remaining validators.

Saga's shared security relies on both the Cosmos hub and its own set of validators to secure the network. Validators on Saga’s network are monitored by auditors who can catch potential issues with individual dedicated chains. If anyone in the validator set fails to properly confirm a smart contract, their staked tokens are automatically confiscated.

 is a publishing system for gaming developers who want to create their own blockchains with help from Saga. It offers infinite scalability, seamless 

 and transactions without gas fees. In addition to use of the Cosmos SDK, developers who choose to publish their game through Saga Origins receive access to a variety of helpful marketing and distribution tools.

 is an interconnected blend of all the developers and projects in the Saga system. Though each sovereign blockchain is fully independent of others, they all join together to offer users a variety of exciting web3 projects. People interested in checking out the latest blockchain designs can join the Multiverse and browse all the neat concepts built on Saga.

To help get the Saga validator system started, Saga released 

 to its community members. People were eligible for the 

 if they had participated in the staking program or played in tournaments to promote Saga ecosystem games. The airdrop eligibility period required remaining validators and other participants to be active between January and October of 2023. Once the airdrop began allowing people to claim tokens, it continued to run until Mar 27, 2024.

 consists of four separate phases. The company has already completed the Andromeda and Cassiopeia phases, which focused on designing the Mainnet and setting up the system of Saga validators. Currently, the Saga team is in the Pegasus phase, which is about releasing tokens and opening the Saga Mainnet to the public. Sometime in late 2022, Saga’s team hopes to reach their Mainnet V2 phase, which will prioritize a new version of the Saga Mainnet with more features and options for dedicated blockspace.

SAGA tokens are the primary method for paying fees on the Saga network. These tokens are also used for staking, and function as a method of confirming Saga transactions. There are a total of 

, of which around 90 million have thus far been released. Saga plans to distribute its tokens as follows:

SAGA is still in the early stages of its token launch. However, it’s already surprised investors, having debuted at $4.91 on Apr 9, 2024 before quickly surging to its ATH to date of $7.60. It then steadily declined over the next few days to its current price of $3.06 as of Apr 19, 2024.

 SAGA, with its experts believing SAGA’s price will reach $15.73 by 2025 and decrease in 2027 to $6.27, before rising again to $13.45 by 2030. This bullish sentiment is amplified by analysts at Changelly, 

 SAGA’s price will increase to $6.91 in 2025, $14.21 in 2027 and $44.36 in 2030.

Looking to trade Saga tokens? Bybit now offers SAGAUSDT Perpetual contracts. To get started, you’ll first need to 

, then fund it with cryptocurrency and navigate to the 

SAGA has done an extremely impressive job of attracting users, and seems poised to become the big coin debut of April 2024 with its high price.

However, it's hard to say whether SAGA can maintain its price in the long run. It's quite common for new startups to have a strong start and then drop in price once their project fails to take off. If the Saga ecosystem can’t attract new developers and continue to release impressive projects, investors could see some major SAGA losses in the future.

Since this coin is so volatile right now, investors need to 

. It has the potential for both big profits and big losses, so you’ll want to carefully consider how these price shifts might affect your portfolio. For best results, avoid investing more than you can afford to lose, make sure you diversify your investments — and 

By offering developers the chance to create their own dedicated chains, Saga offers a more convenient and scalable system for blockchain gaming. Its helpful features and low transaction fees have already attracted many people, and it's no surprise that many others are interested in the project. Furthermore, SAGA tokens have had a promising start with extremely impressive growth. If the Saga company can successfully capitalize on its early buzz, it has a bright future.

Intermediate

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Saga (SAGA): Catalyzing the Multiverse With Scalable Chains

Discover Masa, a platform empowering individuals to control and monetize their data, decentralizing AI storage and promoting ethical data sharing.

Few areas of the crypto industry are as popular these days as artificial intelligence (AI). AI-related tokens and projects experience some of the highest growth rates, with particular interest attached to generative AI technology and large language models (LLMs), all thanks to OpenAI's massively popular ChatGPT tool. This is no surprise, as blockchain technology has the potential to address many of the limitations of LLM algorithms, particularly those related to the issues of data and centralization of AI models.

The Masa network (MASA) is a new AI-focused crypto platform that brings a fresh paradigm to the world by allowing individuals to control and monetize their personal data. Its platform also contributes to the AI revolution by decentralizing the storage of both the user data and the LLMs utilizing it.

 (MASA) is a blockchain platform that provides access to user-consented, hyper-specific behavioral and personal data and decentralized LLM algorithms. 

The platform launched its operations on Apr 11, 2024. Masa operates as a subnet on the 

 (AVAX) blockchain. To enable cross-chain functionality, it has also integrated 

 technology. This lets Masa bridge assets, initially to two key blockchains, 

 (BSC), with additional chains to be added in the future.

Masa provides user-consented AI data that’s stored in a decentralized way. As of mid-April 2024, more than 40 million data points from over 1.4 million 

 user wallets are available via its permissionless data layer. Masa represents an entirely new decentralized AI paradigm: while most data providers use centralized storage solutions, its platform's data is always stored in a decentralized, blockchain-based format.

The data made available via Masa’s platform is user-consented for collection and privacy-protected using its Zero-Knowledge 

 (zkSBT) technology, which allows users to share their personal data securely and confidentially by storing this encrypted data on the blockchain. Thanks to the zkSBT, users can share fairly detailed personal data while protecting their identities and the specifics of their online activities.

This user-consented data is directly sourced from users through the Masa App and Masa Chrome browser extension with their consent. Users have complete control over their data, which is collected in a highly detailed, verified and ethical manner. 

As such, it's different from the typical user-aggregated data collected from the internet by companies. Compared to user-consented data, user-aggregated data tends to be less granular and, obviously, has ethical strings attached to it: in most cases, users don't consent to the collection of such data, or (at best) provide reluctant consent by clicking on annoying "Accept All Cookies" buttons.

While focusing mostly on user-consented data, the Masa platform also offers developers a way to access user-aggregated data for a richer data network. Using Masa's web data scraper, developers can extract data from websites, social media posts, blogs and online databases.

User-aggregated data is collected by data node workers via the Masa Oracle network and Masa Chrome extension and stored on the platform, benefiting from the 

In addition to datasets, Masa enables the decentralized execution of LLM algorithms, facilitated by the Oracle node workers, who leverage their surplus CPU and GPU computing power to run open-source LLMs for fine-tuning AI models.

The Masa project aspires to achieve goals crucial to the development of all data and AI industries. First, Masa allows individuals to completely control their own personal data by choosing what to share with the outside world while protecting their confidentiality. The blockchain-based storage mode also ensures the security of the stored data. Additionally, users can monetize access to their personal data, becoming a major beneficiary of its use.

All of these benefits are in stark contrast to the traditional way user data is collected, stored and used on Web 2.0 platforms. In this traditional mode, one is often unaware of what personal data is collected about them, as well as when and by whom. Although the data used for analytics purposes might be in an aggregated form, together with the details of other online users, individual users are still part of the "guinea pig" cohort whose details have been unceremoniously extracted and utilized without their knowledge or consent.

Moreover, when hit online with some fairly relevant advertising based on past search phrases, one begins to realize that data isn't always used in an aggregated format. In fact, its utilization can be quite personalized. And of course, in the traditional mode of data collection, we’re all rarely reimbursed for the data we share.

Another aim of the Masa project is to provide a secure and efficient decentralized infrastructure for running LLM algorithms. Traditional, centralized hosting solutions for AI models face challenges, such as technical capacity and security issues. For instance, many centrally hosted LLM-based solutions suffer from performance degradation when large numbers of users access them simultaneously. Masa's approach to leveraging decentralized resources for running open-source LLMs efficiently addresses these capacity limitations, providing enhanced scalability and reliability for AI applications.

Masa operates as a subnet on the Avalanche blockchain, using cross-chain communications supported by LayerZero to access other networks as well. Avalanche subnets are completely independent 

 networks with their own set of rules and functionalities. Subnets, including Masa, use Avalanche's validators, or a subset of validators, to secure the network and achieve consensus.

Besides the validators, the Masa network has another type of functional nodes — 

. These special Masa nodes play a critical role in providing structured data and advanced AI models while prioritizing data privacy.

The Masa Oracle network acts as a decentralized web scraper, gathering data from the internet and organizing it for AI training and development. This approach gives developers access to hyper-personalized training data to improve language model performance. It also supports the decentralization of LLMs, making them easily accessible without complex setup.

As mentioned above, users can manage access to and monetization of their personal data via Zero-Knowledge Soulbound Tokens (zkSBTs), which provide a secure way of providing access to users’ personal data without compromising their privacy.

 is the main gateway for users to interact with the Masa platform. It lets them provide access to personal data and earn crypto rewards by staking data in four different ways:

Masa’s native cryptocurrency, MASA, is a utility and 

 used to reward users for providing their data to the network. 

 MASA also earns you crypto rewards. Entities who wish to utilize data held by the network pay for access to it in MASA tokens. The token is also used to reward the Oracle nodes.

As a governance token, MASA lets you participate in votes on any changes and upgrades to the platform's rules or fee structure.

The token's supply economics doesn't specify a maximum cap. MASA's total supply is 1,588,866,523, which will be released gradually over a period of around four years starting in April 2024. Token supply allocation shares are per the table below.

The MASA token is available on Bybit via a 

. Bybit's Spot and Derivatives markets provide you with opportunities to trade hundreds of cryptocurrencies and crypto-based products. If you don’t have a Bybit account, you can easily 

 to access Bybit's range of crypto products and assets.

The Masa network is a refreshing addition to the data industry, whose user consent and privacy have been under attack for many years. The Masa platform puts data ownership in users' hands, allowing them to control access to their data and benefit from its monetization. As online privacy concerns and invasive Web 2.0 advertising shenanigans grow, more users will be attracted to Masa's unique data concept.

In addition to allowing individuals to control and monetize their data, Masa also contributes significantly to the development of 

, which is important because the decentralized mode of data and model storage championed by the platform has the potential to solve many technical limitations of LLMs and other types of AI algorithms. This is a network full of merit and promise; all it needs now is wider recognition and user adoption.

Advanced

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Masa (MASA): Powering AI With User-Centric Data Monetization

Today’s outperformer is LSK, which jumped 17.63% after Lisk partners with Velodrome to enhance blockchain access and drive ecosystem growth.

The SPX index is down 0.22% as the market anticipates less Federal Reserve rate cuts, considering the possibility of no cuts this year. The broader cryptocurrency market is up, with Bitcoin and Ether rising by 4.18% and 3.19%, respectively in the past 24 hours.

Lisk (LSK), launched on May 2016, is a cryptocurrency platform that enables developers to build decentralized applications (dapps) using JavaScript and TypeScript. It supports custom "sidechains" within its network, offering tools like a software development kit. Lisk has announced a partnership with Velodrome to support and expand its blockchain ecosystem. Lisk will purchase and lock $VELO tokens for voting, directing VELO emissions to key pairs on Lisk. This collaboration aims to support existing protocols on Lisk, attract new developers, and enhance blockchain accessibility and adoption in emerging markets. Velodrome will back Lisk's Layer 2 initiatives, aligning with the goal of creating a scalable, interoperable Ethereum future.

Check Out the Latest Prices, Charts, and Data of 

The Runes protocol is set to debut alongside Bitcoin's 2024 halving, heralding a new phase in Bitcoin's evolution by enabling the creation of fungible tokens directly on its network. This follows the impactful Ordinals protocol, which significantly expanded Bitcoin's functionalities. The Runes protocol will spark competition among developers to issue and acquire the first tokens, with global exchanges ready to support these tokens from day one. The halving event will also feature a race to mine a highly valuable "Epic" satoshi. As Bitcoin approaches this transformative era, extensive preparations and educational initiatives are underway to equip users for the forthcoming changes, marking a profound shift in Bitcoin's operational and cultural landscape.

Spot Bitcoin ETFs have yet another day of outflow, however, yesterday’s outflow was close to neutral. The market has seen fluctuating flows in these ETFs, with significant activity in some and none in others, reflecting mixed investor reactions. Recent substantial outflows echo trends from March, but analysts regard such fluctuations as typical for ETFs and not indicative of failure. Despite this volatility, the outlook for Bitcoin ETFs remains positive as they continue to draw institutional interest and shape market dynamics.

Avail, a blockchain data-availability protocol developed using Polygon’s SDK, has announced an airdrop of 600 million AVAIL tokens, marking its one-year anniversary since spinning off from Polygon Labs. The "Unification Drop" aims to bring together various blockchain communities by rewarding developers, governance contributors, educators, rollup users, stakers, and others who have significantly contributed to the ecosystem. Avail's infrastructure includes three segments: Nexus for cross-chain transactions, Fusion for liquid staking on chains like Ethereum and Bitcoin, and DA for scaling rollups through technologies like KZG commitments. The airdrop will distribute tokens to 354,605 wallet addresses and includes significant allocations for various roles across multiple blockchains, including Ethereum, Bitcoin, Solana, Cosmos, and more, emphasizing a unified Web3 environment.

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Runes Protocol Revolutionizes Bitcoin with New Token Capabilities Ahead of 2024 Halving

Nolus is a decentralized finance lending protocol with cross-chain capabilities. Learn more about how it works in this article.

One of the big advantages of decentralized finance (

) is that it provides more options for users. People who cannot get traditional loans because a typical bank deems them "high-risk" can turn to the DeFi sector to borrow crypto assets. The Nolus Protocol is a new DeFi lender that offers users all sorts of exciting opportunities. To see how this intriguing project works, explore this guide to learn all about Nolus.

 is a DeFi lending protocol. It has cross-chain capabilities that let people choose the most favorable rates possible and avoid the need to save up funds for liquidity.

Nolus was founded by Ivan Kostov and Kamen Trendafilov. Kostov worked in traditional finance, while Trendafilov has a background in marketing and business. During their time in these sectors, Nolus's founders realized that blockchain networks had the potential to revolutionize banking. They decided to join together and create a new leasing system that makes the most of DeFi products instead of just trying to mimic past banking methods.

Nolus started work on its plans in 2022 and officially launched its mainnet in 2023, having successfully completed several investing rounds and receiving 

 Token Metrics, Autonomy Capital, Everstake and more.

Nolus aims to tackle three problems common in crypto lending markets:

 software developer kit (SDK). Its code is entirely open sourced, and is updated and changed only when all stakeholders in the Nolus community vote to do so. According to the Nolus white paper, its ecosystem’s goal is “to build a novel user experience–driven automated money market” that facilitates direct interactions between lenders and borrowers without involving any other users.

The Nolus lending method starts with lenders choosing to supply 

 to the system. Any borrower who submits a down payment can get a loan from this supply of stablecoins. Both the coins and the down payment are 

, and interest is determined based on the value of the items. There’s no fixed repayment schedule, but the smart contracts ensure that interest is automatically removed from the collateral, and then paid to the lender at regular intervals. Once the user decides to repay the lease, the original assets are released from the smart contract.

Nolus's lending protocol includes many ways for customers to profit and enjoy convenient services. Here are the main DeFi products you can access through Nolus.

DeFi leasing on Nolus is designed to be as convenient as possible. Customers don’t have to go through a lengthy application or pay a lot of fees to other users. You just enter your collateral and get a loan of up to three times the value of the initial investment. Interest rates vary between 11% and 18%, based on the market value of the digital assets. The 

 allow the loan to be repaid on your own schedule. However, keep in mind that you pay more interest if you wait a longer amount of time to repay the loan.

If you want to earn money based on your existing crypto, you can join one of the many 

 on Nolus by submitting stablecoins in exchange for interest-bearing Nolus crypto. When you're ready to withdraw your funds and stop participating in DeFi leasing, you can cash out your Nolus tokens to receive your initial asset, plus any additional interest or network fees you’ve earned.

Nolus's system of money markets isn't the only thing they provide. Users who decide to 

 a crypto asset on Nolus can earn more money. The Nolus ecosystem offers the option of staking NLS tokens in exchange for various incentives. Lenders receive higher amounts of rewards for lending stablecoins, and borrowers get a lower interest rate.

Nolus has had some impressive growth since its launch in 2023. In just six months, the lending protocol has assisted with thousands of loans, collectively worth $8.6 million in total. Its team calculates that they've managed to achieve an average 

Nolus hopes to expand on this momentum in 2024. Its main plan is to continue marketing the lending protocol heavily, attracting more users who want to do their own research and find the best possible loans. To further attract users from the DeFi sector, Nolus aims to add more support for other crypto tokens and increase network liquidity. Nolus stands for community-led governance, so they don't have a long-term road map in place. Instead, they plan to evolve and adjust to suit whatever community needs arise in the future.

. It allows users to adjust their interest rates, and it's also a 

. People with NLS tokens can vote on how the platform is run and help implement new changes for the platform. The NLS token has a total supply of 1 billion. Nolus’s plan is to gradually mint tokens over a ten-year period, and implement a token buyback program to help maintain value. NLS token distribution will be as follows:

When the NLS token was released in the summer of 2023, Nolus prices were fairly stable. However, now that investors can sell their NLS tokens, prices have become more volatile. Starting in December 2023, NLS prices 

, and although the token currently seems to be dropping from its all-time high of $0.10, more price increases seem likely in the future.

Not only is the market for the NLS token quite bullish right now, but the Nolus lending protocol is also attracting a lot of positive attention in the crypto space. If the network can maintain its positive attention and attract more users, prices seem likely to rise even further. CoinCodex predicts Nolus prices will stay in the $0.04 to $0.19 range for 2025, and hit 

. This attitude is backed up by crypto influencers such as Crypto Revolution, 

 an underrated crypto with a lot of potential for growth.

The Nolus project is a well-thought-out crypto protocol that offers users significant advantages. Its innovative approach to lending could potentially attract a lot of users from the DeFi space. In addition to having a reliable system backed with effective technology and a detailed white paper, NLS digital assets have also experienced some promising growth patterns. The crypto asset has had a slow yet steady climb in price, and now that it's trending in crypto news, it seems poised to take off.

However, keep in mind that it's still important to 

 on digital assets. Some crypto investors might find it concerning that the Nolus project is mostly backed by marketers, instead of blockchain enthusiasts. There have also been some tech issues, such as the 

 that led to some unnecessary margin calls. Subsequent issues could limit price appreciation of its crypto assets. Therefore, it's necessary to approach Nolus with caution and not overextend your finances.

Nolus's DeFi lease system allows people to obtain easy access to crypto. Its innovative approach provides investors with significant advantages. Unlike traditional finance, there's no lengthy application process, and in contrast to many other blockchain networks Nolus doesn't have frequent margin calls or high network fees. As long as Nolus doesn't run into any technological issues or financial problems, its network is likely to have a lot of success in the DeFi space.

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Nolus (NLS): Crafting Liquidity's Future With Leading DeFi Leases

Bybit Learn

Blockchain

Mantle Network is the first modular Ethereum L2 solution to truly rethink how various aspects of a blockchain can better work together. Find out more here.

 network is one of the most popular blockchains among developers due to its versatility and robust security. Unfortunately, scalability remains an issue with 

, and as a result, many projects aim to create a layer-2 (

) solution that solves this problem. One of the latest projects to join the undertaking is 

. What sets it apart from other L2s is its modular architecture that promises not only hyperscalability, but also top-grade security. Read on as we cover everything you need to know about Mantle Network. 

Initially conceptualized and proposed in June 2022, Mantle Network is the first modular Ethereum L2 solution to truly rethink how various aspects of a blockchain can better work together — data availability, superior performance, security and more. 

Mantle Network is an L2 that is compatible with the 

 (EVM), which means developers are able to make use of the 

 and tools that work on Ethereum with minimal disruption. 

Mantle Network incorporates a modular architecture in which optimistic rollups are used alongside an improved data availability solution. With the optimistic rollups, computation and state storage are both taken off-chain. Transactions are also processed in batches. This ultimately allows a lower computation load to be sent and processed on the Ethereum Mainnet, which in turn boosts Mantle Network’s throughput at a lower cost.

In May 2023, it was announced that Mantle had plans to 

 was raised for the BitDAO community to vote on. The proposal was later passed, with 235 million $BIT voting for and 988 $BIT voting against, as the community agreed with Mantle’s goal of consolidating the identities of BitDAO and Mantle under one brand, one token — Mantle ($MNT). The rollup component of the ecosystem will be known as the Mantle Network. BitDAO will be rebranded as Mantle Governance.

Through this rebrand, Mantle will be able to foster sustained expansion for those holding tokens and boost community agreement. This transformation also creates room for growth for key offerings like the Mantle Network, while ensuring the preservation of governance and economic privileges for token holders.

Many of the scaling solutions that exist today have limitations. While they preach the ability to scale the Ethereum network efficiently, these scaling solutions often compromise on security. As a result, decentralized protocols that deal with large amounts of liquidity aren’t able to deploy on these chains for fear of their own security being compromised. 

Here’s where Mantle Network shines. Mantle Network was established to allow hyperscalability of the Ethereum network, leveraging roll-up technology and a decentralized data availability layer to increase efficiency and performance, all while reducing fees and latency. Building with an Ethereum roll-up technology also means that Mantle Network offers unparalleled security, all packaged in a familiar EVM environment for users and developers. 

Mantle Network vs. Other Ethereum Layer-2 Solutions

Mantle Network sets itself apart from other Ethereum L2 solutions not only with technical innovation, but also with a strong and extensive ecosystem of partners bound by $MNT, the Mantle token, to provide support to builders on Mantle Network.

As Mantle Network works with established technology partners to deliver the best innovations in the L2 landscape to the masses, it is able to focus on strengthening an existing ecosystem of synergistic collaborators. All to accelerate new builders and dApps from the initial building stages with multiple insightful on-chain data analytics, advanced tooling and more, all the way to the go-to-market strategy, including potential on-ramps to well-known crypto exchanges.

It is also accelerated by an existing large, cumulative web3 user base and community, allowing builders to find their power users in a more targeted manner.

Finally, Mantle Network is governed by a DAO and any key decisions will have to undergo a voting process by $MNT token holders to be implemented.

Mantle Network’s execution, consensus, settlement and data availability functions are performed on specialized layers that can be run by network actors at different levels. As a result, Mantle Network is able to achieve a significant reduction in gas costs and an overall boost in performance. 

Mantle Network leverages a Modular Rollup model to optimize the core functions of blockchain operation. It is also the solution to a significant issue in the community: the Scalability, Security and Decentralization 

Separating the resources increases network efficiency as each layer specializes in a particular task. Each and every user is operating on the same level of improved security, as opposed to only full node validators on layer-1 (L1). 

By operating on separate layers, the overall execution and validation load of technologies such as fraud proofs and ZK proofs are reduced on the nodes, as they do not need to execute all the transactions for validity checking. 

Mantle Network tackles the security issue that has been plaguing blockchains operating on a roll-up architecture. 

, a re-staking protocol, uses Ethereum’s existing trust network to allow layer-2 solutions to guarantee data availability. At the same time, security is maintained at the same level as the Ethereum Mainnet.  

Thus, Mantle Network utilizes EigenLayer’s data availability solution, known as 

, allowing nodes to offer data availability services on Mantle Network. Validators are able to provide their services and take part in Mantle Network’s economic model through $MNT 

, opening up additional yield opportunities. These then contribute to block data completeness and accuracy on the execution layer of Mantle Network.

With EigenDA, the data availability layer is separated from the consensus layer. Further, it implements a unicast channel for data exchange between network participants to increase efficiency in data storage and transmission, and maintains an erasure rate so that complete block data can be reconstructed through block data pieces from both L2 and L1 sources.

Such a solution also increases the staking utility for $MNT on top of its governance capabilities, and provides the necessary high throughput for next-generation web3 applications. 

In the optimistic model, rollups assume good behavior for their network participants. Thus, proper implementation of 

 is needed to strengthen the integrity of the network. However, this is not without its challenges. 

In its current state, the on-chain verifier can only perform instructions in a lower-level virtual machine. This requires the EVM client to revise their fraud proof into the lower-level language for the on-chain verifier to interpret it. In other words, the fraud proof’s contents are often not obtained directly from a compliant EVM client. Even if it is, there is no way of proving this, especially since the on-chain verifier is essentially blind to the fraud proof’s producer. As such, this results in an interference with the trust minimization that is imbued into the Ethereum client. 

To solve this, Mantle Network takes on an approach that implements the compilation and verification of fraud proofs directly using EVM instructions, enabling all Ethereum clients to interact with a common proof system openly. This thus minimizes the trust assumptions across verifiers, compilers and clients. 

 first enters Mantle Network when a wallet user, 

 or script initiates a transfer of funds or performs a task. Mantle SDK integration and other tools at hand allow for a request to be created, signed with private keys, and sent to Mantle Network for Sequencer processing. The transaction is then verified and added to a pending block before being sent to Ethereum for finality. Since there are multiple transactions in a batch of pending blocks, Mantle Network is able to spread the fixed costs across them to achieve low transaction fees. 

Following this, Threshold Signature Scheme nodes further verify the block data before it is sent to the Ethereum network via Sequencer to be received by the different actors on Mantle Network and Ethereum. Rollup verifiers on Mantle Network will synchronize the data to make it accessible for other users and dApps, while on Ethereum the transmitted data is recorded on-chain after going through Ethereum’s consensus mechanism. 

In addition, Data Availability nodes on Mantle Network will synchronize the data and guarantee access to it. In doing so, these nodes will reap $MNT tokens as a reward.

Since Mantle Network (L2) and Ethereum (L1) are both separate blockchains, bridging is needed to move ETH and other tokens across the chains. This ensures recognition and acceptance by the blockchain system in a verifiable and secure manner. 

As part of the rebrand, the entire Mantle Ecosystem will no longer be using $BIT tokens, but rather, the new $MNT tokens. The ownership of tokens, rights associated with governance and the treasury will retain their current status. 

From Jun 22, 2023, Bybit will collaborate with Mantle to 

 of $BIT to $MNT tokens. All of the $BIT held by your other accounts (Spot Account/Unified Trading Account/Inverse Derivatives Account, etc.) will be transferred to your Funding Account during this transition. Once deposits, withdrawals and transfers are suspended, a snapshot of the $BIT in your Funding Account will be taken on Jul 17, 2023 at 4AM UTC. You will then be airdropped new $MNT tokens to your Funding Account based on the snapshotted amount at a 1:1 rate. The airdrop will occur on Jul 17, 2023 at 8AM UTC. The manual conversion feature of $BIT to $MNT will be enabled on the same day from 10AM UTC.

Mantle is likely to adopt a mainly off-chain governance model. Discussions begin within the core contributor team or by community members and are shared with the wider Mantle community through forum discussions. If discussions gain enough interest and positive feedback, they may evolve into formal proposals (MIPs), which are voted on by $MNT token holders. The vote's outcome doesn't automatically trigger updates or actions but is supported by core contributors for implementation.

Token holders need to delegate their voting rights to an address before they can vote or create proposals. This can be to their own address or another's. Delegation doesn't lock or transfer tokens, protecting holders if a delegated wallet is compromised. It also allows vote weight to be adjusted independently from token holdings, promoting decentralization and expertise-based voting.

The new $MNT tokens serve as both governance and utility tokens in Mantle Ecosystem. In governance, each $MNT token has an equal vote weight, enabling token holders to participate in DAO voting. As a utility token, $MNT is used for gas fees on Mantle Network and can be collateral for Mantle Network nodes. It's an ERC-20 token with similar functionality to other L2 blockchain tokens. DAOs are adaptable, so $MNT token governance and utility may change as Mantle evolves.

 by Mantle Governance’s process. There are no set targets or limits for token distribution, but key areas include User Incentives, Technology Partner Incentives, Core Contributor Team and Advisors and Other Opportunities, such as acquisitions and token swaps. Each opportunity is evaluated individually for its potential benefits to Mantle.

$MNT tokens are supposed to be distributed as follows:

 to optimize the fully diluted supply of the $MNT token in preparation for its launch. The primary aspect of this proposal is not converting 3 billion $BIT tokens currently held in Mantle Treasury to $MNT. This would effectively decrease the fully diluted supply of $MNT at launch by 3 billion tokens compared to $BIT.

The proposed change would reduce Mantle Treasury’s $MNT holdings from approximately 6.05 billion to around 3.05 billion. The circulating supply of $MNT would remain the same at around 3.17 billion. As a result, the fully diluted supply would decrease from around 9.22 billion to roughly 6.22 billion. This changes the token distribution to:

The goal of this optimization effort is to maintain a balance between minimizing the fully diluted supply of $MNT to increase predictability for token holders, and ensuring sufficient resources to facilitate ongoing and future product development and adoption activities.

The proposed changes are still subject to a vote by the Mantle community and the actual impacts will depend on the result of this vote.

BitDAO first announced the official soft launch of Mantle Network on Nov 30, 2022. On Jan 10, 2023, the public 

 of Mantle Network went live. On May 5, 2023, a soft proposal was raised regarding the rebrand of Mantle, and following seven days of forum discussion and seven days of vote, the proposal was approved. 

In preparation for the launch of Mantle Network Mainnet, the $MNT token will first be released in July 2023. BIT token holders will soon be able to convert their existing BIT into $MNT tokens through official conversion channels. There will also be an upcoming Mantle ByStarter where users can win $MNT tokens for free to get some skin in the game early. Following the end of the 

, Bybit will begin the delisting of BIT and the listing of the $MNT token for trading on the Bybit Spot trading platform.

Looking to get your hands on some $MNT tokens? Here’s a detailed guide on how you can participate in the upcoming Mantle ByStarter.

 if you don’t already have one and complete Identity Verification Lv. 1.

There will be two Genesis Offerings held — Whitelist Genesis Offering and Public Genesis Offering. Only $BIT token holders are eligible to participate in the Whitelist Genesis Offering. However, the Public Genesis Offering is free for all to join, including $BIT token holders.

If you’re participating in the Whitelist Genesis Offering, hold 100 $BIT in any of your Bybit accounts — Funding, Spot, Derivatives, UTA or Inverse Derivatives Account. A snapshot of your assets will be taken on Jul 5, 2023 at 12AM UTC. 

If you’re participating in the Public Genesis Offering, you may skip this step.

Commit 100 USDT from your Funding Account during the following 

During the Allocation Period, winners will be randomly selected. Those who participated in the Whitelist Genesis Offering can win 200 $MNT, while those who participated in the Public Genesis Offering can win up to 2,200 $MNT tokens. 

All committed USDT will be returned to your Funding Account after the Allocation Period, regardless of whether you’ve won an allocation.

If you’re interested in winning double the normal allocation of $MNT tokens given out for the Public Genesis Offering, consider becoming a 

! However, as every user can only subscribe once, be sure to 

 before committing 100 USDT from your Funding Account. 

The number of tokens you can earn during the Public Genesis Offering are as follows:

Another way you can increase the number of $MNT tokens earned from the Mantle ByStarter is by holding $BIT, because $BIT holders can participate in both the Whitelist and Public Genesis Offerings. This way, you’ll be able to earn up to 2,400 $MNT tokens. 

Looking to earn even more $MNT tokens? Starting from Jun 30, 2023, at 10AM UTC and running until Jul 17, 2023, at 3AM UTC, Bybit will be holding a special Refer to Earn ByStarter event. During this period, you’ll receive 10 $MNT tokens for each eligible participant you refer, up to a maximum of 100 $MNT. Please note that the event has a limit: it’s only available to the first 1,000 qualifying referees, and it is on a first-come, first-served basis. To be considered eligible, a referee must successfully sign up for the $MNT ByStarter.

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